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Started By
Message
re: Louisiana Legislature repeals law blocking homeowner’s insurance cancellations
Posted on 5/2/24 at 6:49 am to iron banks
Posted on 5/2/24 at 6:49 am to iron banks
Not sure this is about lackluster inspections.
0
Posted on 5/2/24 at 6:51 am to 4cubbies
quote:
wonder if this administration will ever do anything to actually help a single person living in thiis state.
I’m not necessarily defending this move, but the state has an issue of having enough willing insurers. Removing arbitrary mandates should theoretically improve that situation.
I still think I’m offering higher hurricane deductibles or roof exclusions would be a better place to start. IMO this entire problem started because insurers were underpricing their insurance.
Posted on 5/2/24 at 6:54 am to 4cubbies
Surely cucking themselves to Insurers means Louisianans will have access to more insurance at more reasonable premiums
Posted on 5/2/24 at 7:33 am to Lee Chatelain
quote:
companies will be cancelling the frick out of books of business. nothing about this helps or will draw competing carriers.
quote:
Both of those comments are assumptions.
True.
My assumption is that the insurance companies will gladly set up shop, take your money, and then bail if something happens.
Posted on 5/2/24 at 8:43 am to 4cubbies
quote:
Are there concrete examples of this in practice?
Whatever happened to the movie industry in Louisiana? I'll hang up and listen.
Posted on 5/2/24 at 9:02 am to Lee Chatelain
Why don’t you fill us in.
Posted on 5/2/24 at 9:04 am to OceanMan
quote:
arbitrary mandates
Is that we call consumer protections here?
Posted on 5/2/24 at 9:12 am to 4cubbies
quote:
Why don’t you fill us in.
You asked for an example. I gave you one.
Posted on 5/2/24 at 9:14 am to Lee Chatelain
No you didn’t. You asked a question. You didn’t provide an example of another state with less regulations enjoying more competition.
Posted on 5/2/24 at 9:19 am to 4cubbies
Every website that publishes data shows Oklahoma's homeowner insurance premiums to be higher than Louisiana's premiums. Makes some sense because we get tornadoes, high winds and a ton of hail.
But we don't have cancelations. Why? Because we don't have fricked up tort regulations that hamstring providers. We also don't see storms as a way to get a roof replaced or to get another generator.
But we don't have cancelations. Why? Because we don't have fricked up tort regulations that hamstring providers. We also don't see storms as a way to get a roof replaced or to get another generator.
Posted on 5/2/24 at 9:21 am to 4cubbies
quote:
I wonder if this administration will ever do anything to actually help a single person living in thiis state.
This helps the majority of people. I’m sure you’re one of the ones bitching about high insurance premiums and now bitching about removing legislation that leads to increased premiums
Posted on 5/2/24 at 9:25 am to Chad504boy
quote:
Progressive is literally licking their chops at the volume of Notice of non renewals s they are about to send out.
Why are they so hungry to stop getting premiums?
Posted on 5/2/24 at 9:28 am to 4cubbies
So if State Farm dropped me in 2017 because of claim history are you saying they should not have, based on state laws?
Posted on 5/2/24 at 11:33 am to Turnblad85
quote:
Why are they so hungry to stop getting premiums?
they bit off more than they want to chew. reduce volume of risk in the state. they want more auto, less home. they are essentially the new roof supplier of all dsld homes 12 yrs or less when it comes to storms.
Posted on 5/2/24 at 11:55 am to CreoleTigerEsq
Quote: Gabe Firment is a north Louisiana Republican!!!
BS!!Gabe Firment is from Central La! Dry Prong to be exact! So before you start spewing bs, research your bs!
BS!!Gabe Firment is from Central La! Dry Prong to be exact! So before you start spewing bs, research your bs!
Posted on 5/8/24 at 8:55 am to Lee Chatelain
quote:
actually not a bad bill chub
No guarantees from insurance providers.
Easier to drop the consumer from the policy, raise rates and have more time before paying out claims.
So kindly remove their phallus that you're munching on from your orifice and explain to us exactly how it's NOT a bad bill, chub?
Posted on 5/8/24 at 8:59 am to Y.A. Tittle
Maybe all of the uninsured homeowners can form their own pool. It would be glorious. Doctors do it with malpractice insurance.
Posted on 5/8/24 at 2:09 pm to teke184
quote:
Is the idea that this keeps the companies from just bailing on the state completely?
Yes.
Posted on 5/8/24 at 2:12 pm to 4cubbies
Only Democrats and a few RINOs voted against it. So, must have been a good bill.
Posted on 5/8/24 at 2:53 pm to CreoleTigerEsq
quote:
surprised if you have an influx of companies start writing policies after hurricane season ends and starts cancelling them right before it begins the following year.
That’s not how it works, my god people are so stupid
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